World's Most Competitive Cities


Issue link:

Contents of this Issue


Page 99 of 163

monterrey MEXICO F ROM the American Chamber of Commerce of Mexico, which has a Chapter in Monterrey: After Mexico City, Monterrey is one of the most important economic centers of the country. Monterrey, capital of the state of Nuevo León, is the headquarters for some of the most important industrial and fnancial groups in Mexico. Tese include FEMSA, Cemex, Grupo Alfa and Banorte. Te city is located about 130 miles from the Texas border. It has access to efcient international bridges, good highways that connect to the center, east and west of Mexico, and two international airports. Monterrey at a Glance Te State of Nuevo León and its capital Monterrey are located in Mexico's northeastern corner, bordering the United States. With more than 4.9 million people, the state accounts for 4.2 percent of Mexico's total population, 8 percent (US$6.8 billion) of the country's total GDP (2012), 11 percent of Mexico's total manufacturing output, and is widely recognized for its entrepreneurial culture, elite pool of managerial talent and business oriented attitude. Nuevo Leon's GDP per capita of $19,887 (2012) is 195 percent more than the national average. Te total amount of Nuevo Leon's exports in 2012 was US$35 billion, 11 percent of Mexico's total exports. Just two hours south of the Texas border and with direct fights to major Mexican cities, the US and the rest of the world, Monterrey is considered the most important fnancial, educational and industrial center in the country. It is also a main crossroads for the commercial exchange between Mexico and the United States. Te city is home to 30 universities with world-class academic programs. Among them are two of the most important in Mexico and Latin America: Tecnológico de Monterrey (ITESM) and Universidad Autonoma de Nuevo León (UANL). Foreign Direct Investment (FDI) Foreign investment hosted by Nuevo Leon reached $2.75 billion in 2012, 14 percent from the country's total. For 2013, this number is expected to reach $3 billion. Currently, there are more than 120 industrial parks in the state, most of them hosts to several multinational companies. Key Sectors Based on the "Triple Helix System," Nuevo Leon has reached an efcient collaboration between the state government, universities and industry, which translates into the consolidation of efcient clusters. With more than 2,600 foreign companies, Nuevo León is the production leader in many important sectors of the Mexican economy, such as Automotive, Aerospace, Home Appliances, Software and IT, Healthcare, Biotechnology, Nanotechnology, Agrifood, Housing, Media & Entertainment. Major Corporations Nuevo León is host to many international and global companies such as: Accenture, American Express, BCG, Bridgestone, British American Tobacco, Carrier, Caterpillar, Cemex, Danfos, Deloitte, GE, HEB, Hershey, Hill- Rom, Te Home Depot, Home Interiors, Infosys, John Deere, Johnson Controls, Korn Ferry, KPMG, Kraft, LG, Lenovo, Lowes, Manpower, Mars, Mary Kay, Navistar International, Pepsico, PricewaterhouseCoopers, Tempel Steel and Whirlpool, among others. Contact the Monterrey ofce of American Chamber of Commerce in Mexico: Monterrey Río Manzanares 434 Oriente Col. Del Valle 66220 Garza García, N.L. Tel.: (52-81) 8114-2000 Fax: (52-81) 8114-2100 E-mail: Monterrey.aspx#sthash.LIlPAeCL.dpuf 9 8 2 0 1 5 T H E W O R L D ' S M O S T C O M P E T I T I V E C I T I E S

Articles in this issue

Links on this page

Archives of this issue

view archives of World's Most Competitive Cities - 2015